eToro Expands Its Crypto Offering by Adding Solana (SOL)

eToro, one of the leading global multi-asset investment platforms, announced on Tuesday that it added Solana (SOL) to its crypto-asset offering. According to a press release shared with Finance Magnates, the number of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term available in the investment platform is now 32.

Since 2013, eToro has been in the crypto market industry by allowing clients to trade with such assets. With the addition of SOL, a scalable crypto token ran via the Solana Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term, users could buy, hold and sell the coin using fiat currencies.

“The long-term potential of crypto is clearly a concept that is now widely accepted, and the interest in crypto from both institutional and retail investors continues to grow exponentially. Adding Solana further broadens our range of cryptoassets, offering our users even more opportunity to diversify their portfolios. Naturally, we urge investors to do their research, to be cautious and remember that when investing, it is wise to diversify and only invest in markets and instruments with which you are familiar,” said Doron Rosenblum, VP of Business Solutions at eToro, commented on the announcement.

Recently, Israel-based investment platform added Filecoin (FIL) and Polkadot (DOT) to its offering, together with Enjin (ENJ), Shiba Inu (SHIB – represented in eToro as SHIBxM), and Maker (MKR). In addition, the firm clarified that Solana is not available for its US-based users who currently have access to 27 coins.

Recent eToro Sports Sponsorships Agreements

Furthermore, eToro has been active in inking sports sponsorships. Last month, Finance Magnates reported that the investment platform announced sponsorship deals with eight Italian football clubs playing in the country’s top league, Serie A. The clubs are Bologna F.C., Cagliari Calcio, Genoa C.F.C., U.C. Sampdoria, U.S. Sassuolo Calcio, Spezia Calcio, Udinese Calcio and Hellas Verona F.C. eToro will continue to sponsor them for the 2021/22 playing season.

That said, the broker will have exposure to an extensive range of marketing opportunities offered by the clubs, including matchday LED boards, media backdrops, tickets and digital rights.